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FOX Business
Dec 28, 2012 1:00pm EST
in cuts. how will this affect the nation's defense contracts? >> the pentagon will face $2 billion over nine years, that works out to $55 billion year cut starting in 2013. the army, navy, air force, marines and coast guard take equal, according to one military analyst who says the impact of the military is, quote, very serious. >> the pentagon and departments are in financial trouble because there has already been a 4 ebullient dollar cut. that is being applied, to take another cut on top of that is devastating. >> it is not just the military itself that will take a hit. defense contractors, private companies that work for the pentagon. one democratic congressman in virginia whose district may be hit hardest says it could mean layoffs. >> the large defense contractors will be okay. they have significant cash reserves, most of them. smaller contractors would have trouble getting their lines of credit extended, trouble keeping their employees if they can't be assured of continued employment. >> how did we get to this point? in the budget battles of 2011 these spending cuts were put in as
FOX News
Dec 31, 2012 7:00pm PST
hit the pentagon and also domestic spend ising. they have according to the white house and senate republicans reached a deal but vice president biden is up on the senate side right now behind closed doors trying to convince some skeptical senate democrats to sign on to this before this piece of legislation hits the senate floor. we begin with our restart and to tell us exactly where we are at this hour, and this hour by the way is just two hours ahead of 2013. there you see the specifics of the deal. the framework. tax hikes on family income above $400,000 for an individual. $450,000 for a family. the top tax rate going to 39.6% from 35. 39.6% is the clinton range. the tax rate back in president clinton's term in office. prevents the expansion of the alternative minimum tax. the amt. essentially patches it permanently, the amt. that had long been a an annual chore for congress. extends long-term unemployment benefits and deals with a number of other specifics including tax credits and sets the estate tax individually at $5 million and an additional in tare hans beyond that at 40 o
CSPAN
Dec 26, 2012 7:00am EST
the wall street journal, or the pentagon indicated they wanted to maintain 6000 to 15th thousand u.s. troops following 2014. that is the issue under discussion now. there's approximately around 340 0,000 afghan security forces in place, including the police. the pentagon recently indicated i don't believe there was a major unit capable of operating independently from nato support. there was some manipulation of the metrics they were using where the things appear to be making more progress than perhaps they were. that came out in a white paper. what will be the long term success or failure of the afghan national security forces is yet to be determined. they need about $4.1 billion a year to continue at that level, which is more than the entire government revenues in afghanistan. so it's gone to take a long-term commitment of foreign powers to maintain that size of armed forces. the afghans have proven that they are excellent fighters. the question is will they be excellent soldiers for the government of afghanistan? host: one other question, how stable do you think the karzai govern
CSPAN
Dec 30, 2012 7:00am EST
pentagon budget issues coming up. so there's some talk about him wanting to hang on and try to manage the budget issues that are going to hit the pentagon over the next few months. host: we're taking your calls with david jackson, the white house reporter for u.s.a. today. first up is doug from oklahoma on the democratic line. good morning. caller: good morning. i had a question about geithner. hadn't he said something earlier about wanting to leave? guest: that's correct. host: around the inauguration was the quote. host: how would you feel about geithner leaving? do you want him to go as a democrat? caller: that's a good question. no. no. guest: the caller is right. geithner has said publicly he wants to leave around the nomination. but with the uncertainty, i don't think the administration would want him to leave as long as these issues are hanging. so we get a fiscal cliff this deal and i think he's going to be gone by the end of the month but i think it's kind of up t in the air. host: says a contender for his job would be jack lew. guest: that's the betting money. is his job if
MSNBC
Dec 27, 2012 3:00am PST
part of some last-second deal. hit the defense department. but the pentagon's real problem is not those cuts, but the ones that are going to be coming over the next decade. we talked to military contractors, top officials at the pentagon. they see a long period of downward decline. that after the war in afghanistan, there's going to be a period of austerity. they're calling it -- they have a term around the pentagon, a very graphic self-amputation as they cut back over the years. and this was one of the reasons that president obama had, at the top of his short list, the former republican senator, still a republican, chuck hagel of nebraska. he's somebody who's talked about the pentagon as being bloated, had very specific ideas about how to cut it. but mike, sam, the table, we're hearing that that trial balloon has been popped. that senator hagel has a possibility for secretary of defense, has really lost a lot of altitude. and what they discovered was, there's not a natural constituency for him. republicans, as you guys know, have fought with him over the years. he was against the war i
CNN
Dec 26, 2012 4:00am PST
and exchanges. >>> a bus bomb targeting. we are live from the pentagon with details. >>> his time has come again, a man from the '60s is getting a start again, lester chambers joins us back. >>> welcome back to "starting point." we've been talking about the blizzard and storm warnings from the deep south all the way to new england. we'll look at seymour, indiana, lexi sheen has drawn the short straw, she's from wlky and getting hammered. >> reporter: that's right, drew. things have calmed down. let me give you a look behind me. you can't see the tire tracks from where we came in 5:30 but the roadways are snow covered, two, two and a half inches have fallen since 4:00 this morning. we barely missed having a white christmas in seymour, indiana. indiana state police are advisi advising people to stay off the roads. they are urging everyone to stay home if it is at all possible and kind of a good day to do that. we were pointing out earlier this is the good snow, the stuff the kids like to play with, snowballs, snowmen, all of that good stuff but it is still dangerous. the roadway is slippery, slush
CSPAN
Dec 28, 2012 7:00am EST
their budgets cut, depending whether it the pentagon or other agencies. the agencies can try to shield some programs for others. social security benefits are not going to be cut. the pay for pentagon officials is not going to be cut. if this drags on into march or april, they will have to do furloughs, is essentially giving people vacations. host: the headline from "the wall street journal." is that one way to do that? guest: that is a painful way to do that. when people do not have money to spend, the economy is not going to grow. if this goes on for a couple of days and the stock market falls dramatically, congress and the white house may be able to avoid some of the long-term consequences. if everybody digs end, more disasters things could take hold. host: the president, vice president, speaker of the house, democratic leader of the house, will be meeting today. from the reporting you have done, what will be happening? guest: they could sit down and cut a deal in five minutes. they know all the issues. they know where their parties are. they could sit down in five minutes, shaking hands,
FOX Business
Dec 26, 2012 11:00am EST
for the pentagon. defense cuts are coming in a big way. a look at world currencies and how they are holding up against the dollar. ♪ [ malennouncer ] it's tt me of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. starsaving at citi.com/pricerewind. dagen: more good news for recovering the housing market. home prices in the 20 city index grew 4.3% from a year ago. chicago, new york were the only two cities with negative returns and october. starbucks urging washington to come together on the fiscal cliff. literally. the ceo is building employees that all d.c. area employees should write things on the cops. they want to serve as a rallying cry. of course, that is also a marketing ploy. you can get there from here
FOX News
Dec 29, 2012 4:00pm PST
employment. >> the only way to avoid the automatic $492 billion in cuts to the pentagon over the next nine years is for congress to make a deal in the next two days. harris? >> peter, thank you. fox weather alert now. a new headache for travelers. tonight a fresh storm system is pummeling the northeast. as you know much of the region and really the rest of the country are recovering from the winter storm that hit earlier in the week. this new round of weather bringing even more snow, freezing rain and strong winds already causing some flight delays and making the roads dangerous. meteorologist justin povik with the accu-weather. justin? >> harris, i tell you, we cannot catch a break across the northeast and the nation's midsection. not to leave out the west coast. they have been stormy and wet, especially around san francisco. the meat of the storm system has been targeting the ohio valley and the northeast, and the latest is doing its dirty work across the coastal sections. the i-95 corridor. the worst of the worst we will target boston over the course of the next three to four hours appr
FOX News
Dec 29, 2012 7:00pm PST
the automatic $492 billion in cuts to the pentagon over the next nine years is for congress to make a deal in the next two days. harris? >> peter, thank you. fox weather alert now. a new headache for travelers. tonight a fresh storm system is pummeling the northeast. as you know much of the region and really the rest of the country are recovering from the winter storm that hit earlier in the week. this new round of weather bringing even more snow, freezing rain and strong winds already causing some flight delays and making the roads dangerous. meteorologist justin povik with the accu-weather. justin? >> harris, i tell you, we cannot catch a break across the northeast and the nation's midsection. not to leave out the west coast. they have been stormy and wet, especially around san francisco. the meat of the storm system has been targeting the ohio valley and the northeast, and the latest is doing its dirty work across the coastal sections. the i-95 corridor. the worst of the worst we will target boston over the course of the next three to four hours approaching an inch an hour. snow totals
FOX
Dec 29, 2012 6:00pm EST
the automatic $492 billion in cuts at the pentagon over the next nine years is for congress to make a deal in the next two days. >>> a state lawmaker is pulls out of the race with jesse jackson jr. 's empty congressional street. he was arrested december 5th because airport security screeners at chicago o'hare found an unloaded baretta handgun in his bag. he doesn't want the charges he faces to detract from the campaign. trotter told the officers at the airport he works a security job and that the gun is for that and that he forgot it in the bag. >>> a russian plane crashed killing four people. it went down and came a part and caught fire. officials say there were eight people on board the red wings plane on the way from the czech republic. the eight people on board were all crew members. the cause is not clear but for now, investigators believe it was pilot error. >>> and to india now. politicians are expressing their condolences to the family of an indian woman who died from injuries sustained during a gang rape. it's causing major protest across the country. indians are demanding greater
CNN
Dec 28, 2012 11:00am PST
the pentagon. what did she tell you? >> reporter: well, this really is a heart breaking case. you know, i just have to put it in perspective, a military installation, a child care facility, a stone's throw from where i am standing at the pentagon, it would take me just a few minutes to walk across the road to this child care operation. a mother who has now learned that her young toddler was one of the victims of this alleged child abuse decided to speak out about it. she wanted her face shielded, she wants her children's privacy protected. she still worries about retaliation against her husband, by the military, but she tells us a chilling tale. >> all along this first week when we were being sort of given piecemeal information, denied access to the videotapes, we were also being asked if we wanted to seek medical care for our child. so -- >> medical care for what? >> for what, obviously. we wanted to understand and see with our own eyes since that evidence was available. >> barbara, it took a long time for the information to come out. why? and what steps is the department taking, the defense
CSPAN
Dec 31, 2012 8:30am EST
in chicago, the largest building outside the pelt gone in the country -- pentagon in the country. and he bought, you know, block after block in new york. i don't think in philadelphia. he didn't get this far. he was concentrated in new york and chicago and westchester and albany. he was of not yet where he wanted to be. and he demanded much from roosevelt, and roosevelt gave it to him. and roosevelt named him the first ambassador, the first irish catholic ambassador to the court of st. james. he became the ambassador to great britain. and it was one of the worst decisions roosevelt ever made. [laughter] he knew but somehow believed he could keep kennedy in check, but he couldn't. he copp. he couldn't. kennedy was two men. when he talked to his children, he was a cheerleader, he was an optimist. but in his relationship to the world around him and to the 20th century, he was a cassandra. having made his pile of money, he was convinced that it was going to be taken from him. he was convinced that democracy and capitalism would be taken from the united states. if the united states entered th
FOX News
Dec 31, 2012 5:00pm PST
the massive cuts aimed at the pentagon and elsewhere. >> revenues have to be part of the equation in turning off the sequester. >> there is some real anger brewing tonight on the left about proposed deal. even rich trumka the evidence the afl-cio head of organized labor it's not a good fiscal cliff deal if it gives more tax cuts to the 2% and sets the stage for more hostage taking. he is referring to the debt ceiling debate that's coming early next year. goes on to tweet republican's fiscal cliff double think fiscal crisis demands cuts in service, no investment in jobs but allows more tax cuts for richest americans. if and when this comes up for votes in the house and senate, it's unclear how many democrats especially on the left will support this, or buck the president, basically. bret? >> bret: ed henry live in the white house. thank you. stocks started the week up. possibly encouraged early in the day about talk of this possible deal. the dow finished ahead 166. the s&p 500 was up 24. the nasdaq gained 59 another deal not fiscal cliff related. the senate home security committee blasted th
CSPAN
Dec 29, 2012 7:00am EST
who are very upset with the cuts that would hit the pentagon. it may be difficult to rally republican votes of the cannot turn off the sequester. on the democratic side, the estate tax could be a problem. the republicans are insistent that the estate tax stay at current levels, which is exempting the state of $55 million at a relatively late 35% above that level. many democrats would like to see -- in january it is expected to come -- taxes are expected to go up dramatically. as small as $1 million would be taxed. most democrats want to see something in the metal. they are adamant that we cannot exempt states as large as $5 million. that could be another sticking point. >> do we expect anything going on today? if not, what is the earliest of the senators will come back in for session tomorrow? caller: i think the senate is due back in at 1:00. the house is due at 6:30. the house is the big question mark here. it is very difficult to imagine what could pass the house. as for today, that is an excellent question. the senate is not in here the house is not an. my understanding as we are
FOX News
Dec 28, 2012 6:00am PST
the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this says it could mean layoffs. >> the large defense contractors will probably be okay, they have significant cash reserves, most of them. the smaller contractors would have trouble getting their lines of credit extended, trouble keeping their employees, if they can't be assured of continued employment. >> reporter: congressman moran says if we go over the cliff, which he thinks we will, then the impact and severity of the automatic defense spending cuts depend how long they are in place into the new year before congress finally fixes this fiscal clif
FOX News
Dec 29, 2012 3:00am PST
that preparation before running into the pentagon and he has done a is he person job. very tough job. even he said that we face some dire devastating times ahead if sequestration goes ahead. chuck hagel seems to think that we can cut, quote, more the bloat out of the pentagon. there probably is some over there. but you need to understand the system right, given of the republican opposition i don't know that the president gets a lot of credit for bipartisanship. more likely the cuts that they agree on. lt. colonel bob maginnis thanks so much we appreciate it. >> thanks, dave. >> small businesses set to take big hits in 2013. that could take an effect on your wallet. we'll explain next. my pet chicken just saved my life. how this hero bird came to the rescue of an entire family. and that's not even the coolest part of this story. i'm sticking around. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve
FOX
Jan 1, 2013 6:00am EST
, the deal would sttp mostttax increasee and spending cuts aimed at the pentagon andddomestic reid / (d-nv)"...i've said all along the ost important priority is to protect middle class families. this class families will wake up today to the asurrnce that their taxes wwn't go up..." democratic senator tom sen. tom harkin / (d-ia)"...it doessnot address numbee onn class jobs now // secondly, for tte countryyto meet its needs..." republican senate minority leader mitch got everything it wanttd.sen. mitch mcconnell (r-ky) / minority leaddr"...so it took an imperfect solution to prevent our onstituents from very real financial pain. but in my view, it was worth the effort..."(anchor tag) the republican-controlled &phouse is expected to begin consiiering tte bill latee today. a final vote s expected in the next day rr two, passage is not at all certain. in new york, patti ann browne, fox ews. pt's not just the iscal cliff... awmaaers also have ceiling.the u-s reacced it's 16-point-4 trillion dollars yesterday.the treasury departmmnt is taking measuues to buu ime
FOX
Dec 31, 2012 7:00am EST
morning to you. very light ride this morning. looking at 395 and the pentagon. if your troubles take you towards the beltway at 395, light volume. and from the beltway looking at 95 and the prince william parkway again, travel lanes are open northbound and southbound. not really any problems or delays. 495 at river road. again, really good. light volume. your travels so far mafbing well enough for speed. and that is a look at your fox 5 on time traffic. >> thank you very much. looks like the karsashian clan will be getting bigger. that's because kanye west announcing his girlfriend kim karsashian is pregnant. that's right. she's having a baby . revealing the big news during his concert and the reveal was caught on tape. take a listen. >> ♪ >> make some noise for my baby mama. >> did he just call her baby mama? that's classy. >> that's how he makes his announcement. sarah, you sound so excited. >> i mean come on. baby mama. >> this will be the couple's first child. they've been dating since march. neither reps for either side have responded to the news. but reports kim is 12 weeks pre
CNN
Dec 28, 2012 1:00pm PST
of the policy moves in the direction of the democrats, right? tax rates go up. big spending cuts at the pentagon. and all the polls show that the republicans are going to be blamed for all of this. so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people in the white house and treasury department don't want that to happen because they think the markets may freak out. already the markets are reacting to the news within the last hour. yesterday the markets dipped a little bit on reid's comments in the senate. so they are worried about the economy. i think purely politically, obama will be strengthened once we go over. >> ryan lizza, thank very much. it's going to be an interesting couple of days. >> yeah, it sure is. >> thanks, ryan. >>> weapons of war on the streets of los angeles
FOX News
Jan 1, 2013 7:00am PST
-the-board spending cuts set to start striking the pentagon and domestic agencies this week. so what do you think about the sequester? does it just kind of -- i don't want to use this phrase, but kick the can down the road? want after two months? >> we probably do this again. i'm not really sure why it's there. i'm not -- i don't understand who it's there to keep happy, who asked for the sequester delay. if it was the democrats, that's one thing, if it was the republicans, that's another. the house had a good plan to replace those sequester cuts with other, better cuts. so the sequester's going to be a big problem over here for those of us who are interested in reducing spending. heather: so i want to talk about whether this will, in fact, come up in the house today when they convene, i think it is noon unless that's changed. the house has informally operated under the hastert rule. basically, house gopers similarly will -- simply will not bring up a bill that does not have the majority party in the favor. even if it could pass with a colegislation of some of the members -- coalition of some of t
CSPAN
Dec 28, 2012 10:30pm EST
knocked himself out. >> did the pentagon have review? >> no, didn't have fop once i'm retired from active due any i don't have to submit it to the pentagon unless i use classified information. so i avoided using any classified information but a lot of stuff was declassified right after the war. a lot of stuff was a matter of public record. so i had a great deal of material. the best thing i had was this, any war i ever fought most of instructions were sent by message back and forth. so you have hard copy record of every decision made. because of where we are today most of the orders and instructions are seventh back and forth by secured telephone. it became apparent that we're not going have a record of the decisions made unless we have a record ourselves. any time i had a conversation i wrote down what i said and what is being said to me. i had someone in there who would write down every time i made a decision and he would log it into a private journal that we kept of every decision that was happening during the war. if it had not been through that the book would not be written. >> where
CSPAN
Dec 26, 2012 8:00pm EST
to washington, it is not a philanthropic act on the pentagon's part. the united states federal government -- unless europe is dollar rise, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why is that? because the global surplus of recycling mechanism was sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. well, paul volcker -- been named may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. whener's paper, which are i read a few years ago, i thought it was the most remarkable document ever to emerge from washington in the last few years. looking at the emerging eco
Search Results 0 to 22 of about 23